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Monochloroacetic Acid Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2033
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CABB Group
Nufarm Limited
Niacet Corporation
Jubilant Life Sciences Limited
Shandong Minji Chemical Co.,Ltd.
Archit Organosys Limited
IOL Chemicals &Pharmaceuticals Limited
Meridian Chem Bond Pvt. Ltd.
SRDrugs and Intermediates Pvt. Ltd.
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Nufarm Limited
PCC Rokita SA
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Persistence Market Research has recently released a detailed report on the global Monochloroacetic Acid (MCAA) market, offering a thorough analysis of essential market dynamics, including key drivers, emerging trends, opportunities, and challenges. This report aims to provide a comprehensive understanding of the market landscape.
Key Insights:
Monochloroacetic Acid Market Size (2024E): USD 963.5 Mn
Projected Market Value (2033F): USD 1,355.50 Mn
Global Market Growth Rate (CAGR 2024 to 2033): 3.90%
Monochloroacetic Acid Market - Report Scope:
Monochloroacetic Acid (MCAA) is a vital chemical compound used in various industrial applications, including the production of carboxymethyl cellulose, pharmaceuticals, and agrochemicals. It is also utilized in the manufacturing of dyes, plastics, and other chemical intermediates. The market for MCAA is growing due to increasing demand in diverse end-use industries, advancements in production technologies, and rising applications in emerging sectors. The market is driven by the chemical's versatility and its crucial role in several manufacturing processes.
Market Growth Drivers:
The global Monochloroacetic Acid market is propelled by several key factors, including the growing demand for MCAA in the pharmaceutical and agricultural sectors. The rise in industrial applications, particularly in the production of specialty chemicals and additives, is also contributing to market expansion. Additionally, advancements in MCAA production technologies and the increasing use of this chemical in emerging applications are further driving market growth. The rising need for MCAA in high-value applications and the expansion of manufacturing capacities are supporting market development.
Market Restraints:
Despite its growth potential, the Monochloroacetic Acid market faces challenges such as environmental and safety concerns associated with its production and use. Regulatory restrictions on the handling and disposal of hazardous chemicals can impact market dynamics. Additionally, fluctuations in raw material prices and the potential for technological disruptions in production processes pose risks to market stability. Addressing these challenges requires stringent safety measures and regulatory compliance.
Market Opportunities:
The Monochloroacetic Acid market presents significant opportunities driven by technological advancements and the expanding scope of applications. Innovations in production techniques and the development of new applications in the pharmaceutical and agrochemical industries are opening up new growth avenues. The increasing focus on sustainable and eco-friendly production methods also offers opportunities for market expansion. Strategic investments in research and development, along with collaborations with end-use industries, are essential for capitalizing on these emerging opportunities.
Key Questions Answered in the Report:
What are the primary factors driving the growth of the Monochloroacetic Acid market globally?
Which sectors and applications are leading the demand for Monochloroacetic Acid?
How are technological advancements influencing the competitive landscape of the Monochloroacetic Acid market?
Who are the major players in the Monochloroacetic Acid market, and what strategies are they using to maintain their market positions?
What are the emerging trends and future prospects in the global Monochloroacetic Acid market?
Competitive Intelligence and Business Strategy:
Key players in the global Monochloroacetic Acid market, including major chemical manufacturers and industry leaders, are focusing on innovation, technological advancements, and strategic partnerships to gain a competitive edge. These companies invest significantly in research and development to enhance production processes and develop new applications for MCAA. Collaborations with technology providers, research institutions, and end-use industries are crucial for market access and growth. Emphasizing sustainability, safety, and efficient production practices are key strategies for maintaining a leading position in the dynamic Monochloroacetic Acid market.
Key Companies Profiled:
AkzoNobel N.V.
CABB Group
Nufarm Limited
Niacet Corporation
Jubilant Life Sciences Limited
Shandong Minji Chemical Co.,Ltd.
Archit Organosys Limited
IOL Chemicals & Pharmaceuticals Limited
Meridian Chem Bond Pvt. Ltd.
S.R.Drugs and Intermediates Pvt. Ltd.
Key Segments of Monochloroacetic Acid Market
Application
Chemical Compounds
Drugs
Herbicides and Insecticides
End Use
Pharmaceuticals
Chemicals
Food & Beverages
Region
North America
Latin America
Europe
Asia Pacific
MEA
Table of Contents
1. Executive Summary
2. Market Introduction
2.1. Market Definition
2.2. Market Taxonomy
3. Global Monochloroacetic Acid (MCAA) Market Analysis Scenario
3.1. Market Volume Analysis
3.1.1. Regional Production Outlook
3.1.2. Regional Consumption Outlook
3.2. Pricing Analysis
3.2.1. Price Projections Per Region
3.3. Market Size (US$ MN) and Forecast
3.3.1. Market Size and Y-o-Y Growth
3.3.2. Absolute $ Opportunity
3.4. Global Monochloroacetic Acid (MCAA) Market Supply Chain Analysis
3.5. Location Analysis
3.5.1. Top Producing Countries
3.5.2. Top Consuming Countries
3.5.3. Shift of Supply Locations in Near Term
4. Market Dynamics
4.1. Macro-economic Factors
4.2. Drivers
4.3. Restraints
4.4. Opportunity
4.5. Forecast Factors - Relevance and Impact
5. Impact of Covid-19 on Market
5.1. Covid-19 The Situation Now
5.2. Effects of National Lockdowns in Various Countries
5.3. Scenarios for Economic Impact of Covid-19 Crisis
5.4. Industries Affected by Coronavirus Outbreak Worldwide
5.5. Projected Recovery for Hardest Hit Sectors
5.6. Coronavirus Impact on The World of Work
5.7. Impact of Covid-19 on Manufacturing Industry
5.8. Manufacturing Purchasing Managers Index, 2024
5.9. Impact of Covid-19 on Supply Chain Worldwide
5.10. Planning & Managing During Covid-19 Pandemic
5.11. Upcoming Pointers Business Leaders Should Focus On
6. Impact of Covid-19 on Monochloroacetic Acid (MCAA) Market
6.1. Covid-19 Impact v/s Value of Monochloroacetic Acid (MCAA) Market, by Country 2020
6.2. Monochloroacetic Acid (MCAA) Sales Projections 2020 During Covid-19 Pandemic
6.3. Pre Covid-19 Market Forecasts v/s Post Covid-19 Market Forecasts
7. Global Monochloroacetic Acid (MCAA) Market Analysis and Forecast, By Application
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis By Application
7.1.2. Y-o-Y Growth Projections By Application
7.2. Market Size (US$ MN) and Volume (Tonnes) Forecast By Application
7.2.1. Production of Chemical Compounds
7.2.1.1. Carboxymethylcellulose
7.2.1.2. Thioglycolic Acid
7.2.1.3. Technical Grade Glycine
7.2.1.4. Others (Cyanoacetic Acid, Glycolic Acid, Betaine)
7.2.2. Drugs
7.2.2.1. USP Grade Glycine
7.2.2.2. Caffeine
7.2.2.3. Vitamins
7.2.2.4. Others (Vitamins)
7.2.3. Herbicides and Insecticides
7.2.3.1. Technical Grade (Glyphosate)
7.2.3.2. 2,4-D (2,4-dichlorophenoxyacetic acid)
7.2.3.3. 2,4,5-T (2,4,5-trichlorophenoxyacetic acid)
7.2.3.4. Others (MCPA (2-methyl-4-chlorophenoxyacetic acid, Dimethoate)
7.2.4. Others (Indigo Dyeing Agent, Amphoteric Surfactants)
7.3. Market Attractiveness Analysis By Application
8. Global Monochloroacetic Acid (MCAA) Market Analysis and Forecast, By End Use
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis By End Use
8.1.2. Y-o-Y Growth Projections By End Use
8.2. Market Size (US$ MN) and Volume (Tonnes) Forecast By End Use
8.2.1. Pharmaceuticals
8.2.2. Chemicals
8.2.2.1. Agrochemicals
8.2.2.2. Specialty Chemicals
8.2.2.3. Others (Dyes, Detergents, Polymers, Pulp & Paper)
8.2.3. Food & Beverages
8.2.4. Others (Oil & Gas, Personal Care)
8.3. Market Attractiveness Analysis By End Use
9. Global Monochloroacetic Acid (MCAA) Market Analysis and Forecast By Region
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis By Region
9.1.2. Y-o-Y Growth Comparison By Region
9.2. Market Size (US$ MN) and Volume (Tonnes) Forecast By Region
9.2.1. North America
9.2.2. Latin America
9.2.3. Europe
9.2.4. Asia Pacific
9.2.5. Middle East and Africa
9.3. Market Attractiveness Analysis By Region
10. North America Monochloroacetic Acid (MCAA) Market Analysis
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis By Country
10.1.2. Y-o-Y Growth Projection By Country
10.2. Market Size (US$ MN) and Volume (Tonnes) Forecast By Country
10.2.1. U.S.
10.2.2. Canada
10.3. Market Size (US$ MN) and Volume (Tonnes) Forecast By Application
10.3.1. Production of Chemical Compounds
10.3.1.1. Carboxymethylcellulose
10.3.1.2. Thioglycolic Acid
10.3.1.3. Technical Grade Glycine
10.3.1.4. Others (Cyanoacetic Acid, Glycolic Acid, Betaine)
10.3.2. Drugs
10.3.2.1. USP Grade Glycine
10.3.2.2. Caffeine
10.3.2.3. Vitamins
10.3.2.4. Others (Vitamins)
10.3.3. Herbicides and Insecticides
10.3.3.1. Technical Grade (Glyphosate)
10.3.3.2. 2,4-D (2,4-dichlorophenoxyacetic acid)
10.3.3.3. 2,4,5-T (2,4,5-trichlorophenoxyacetic acid)
10.3.3.4. Others (MCPA (2-methyl-4-chlorophenoxyacetic acid, Dimethoate)
10.3.4. Others (Indigo Dyeing Agent, Amphoteric Surfactants)
10.4. Market Size (US$ MN) and Volume (Tonnes) Forecast By End Use
10.4.1. Pharmaceuticals
10.4.2. Chemicals
10.4.2.1. Agrochemicals
10.4.2.2. Specialty Chemicals
10.4.2.3. Others (Dyes, Detergents, Polymers, Pulp & Paper)
10.4.3. Food & Beverages
10.4.4. Others (Oil & Gas, Personal Care)
10.5. Market Attractiveness Analysis
10.5.1. By Country
10.5.2. By Application
10.5.3. By End Use
10.6. Prominent Trends
10.7. Drivers and Restraints: Impact Analysis
11. Latin America Monochloroacetic Acid (MCAA) Market Analysis
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis By Country
11.1.2. Y-o-Y Growth Projection By Country
11.2. Market Size (US$ MN) and Volume (Tonnes) Forecast By Country
11.2.1. Brazil
11.2.2. Mexico
11.2.3. Rest of Latin America
11.3. Market Size (US$ MN) and Volume (Tonnes) Forecast By Application
11.3.1. Production of Chemical Compounds
11.3.1.1. Carboxymethylcellulose
11.3.1.2. Thioglycolic Acid
11.3.1.3. Technical Grade Glycine
11.3.1.4. Others (Cyanoacetic Acid, Glycolic Acid, Betaine)
11.3.2. Drugs
11.3.2.1. USP Grade Glycine
11.3.2.2. Caffeine
11.3.2.3. Vitamins
11.3.2.4. Others (Vitamins)
11.3.3. Herbicides and Insecticides
11.3.3.1. Technical Grade (Glyphosate)
11.3.3.2. 2,4-D (2,4-dichlorophenoxyacetic acid)
11.3.3.3. 2,4,5-T (2,4,5-trichlorophenoxyacetic acid)
11.3.3.4. Others (MCPA (2-methyl-4-chlorophenoxyacetic acid, Dimethoate)
11.3.4. Others (Indigo Dyeing Agent, Amphoteric Surfactants)
11.4. Market Size (US$ MN) and Volume (Tonnes) Forecast By End Use
11.4.1. Pharmaceuticals
11.4.2. Chemicals
11.4.2.1. Agrochemicals
11.4.2.2. Specialty Chemicals
11.4.2.3. Others (Dyes, Detergents, Polymers, Pulp & Paper)
11.4.3. Food & Beverages
11.4.4. Others (Oil & Gas, Personal Care)
11.5. Market Attractiveness Analysis
11.5.1. By Country
11.5.2. By Application
11.5.3. By End Use
11.6. Prominent Trends
11.7. Drivers and Restraints: Impact Analysis
12. Europe Monochloroacetic Acid (MCAA) Market Analysis
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis By Country
12.1.2. Y-o-Y Growth Projection By Country
12.2. Market Size (US$ MN) and Volume (Tonnes) Forecast By Country
12.2.1. Germany
12.2.2. Italy
12.2.3. France
12.2.4. U.K.
12.2.5. Spain
12.2.6. Russia
12.2.7. Rest of Europe
12.3. Market Size (US$ MN) and Volume (Tonnes) Forecast By Application
12.3.1. Production of Chemical Compounds
12.3.1.1. Carboxymethylcellulose
12.3.1.2. Thioglycolic Acid
12.3.1.3. Technical Grade Glycine
12.3.1.4. Others (Cyanoacetic Acid, Glycolic Acid, Betaine)
12.3.2. Drugs
12.3.2.1. USP Grade Glycine
12.3.2.2. Caffeine
12.3.2.3. Vitamins
12.3.2.4. Others (Vitamins)
12.3.3. Herbicides and Insecticides
12.3.3.1. Technical Grade (Glyphosate)
12.3.3.2. 2,4-D (2,4-dichlorophenoxyacetic acid)
12.3.3.3. 2,4,5-T (2,4,5-trichlorophenoxyacetic acid)
12.3.3.4. Others (MCPA (2-methyl-4-chlorophenoxyacetic acid, Dimethoate)
12.3.4. Others (Indigo Dyeing Agent, Amphoteric Surfactants)
12.4. Market Size (US$ MN) and Volume (Tonnes) Forecast By End Use
12.4.1. Pharmaceuticals
12.4.2. Chemicals
12.4.2.1. Agrochemicals
12.4.2.2. Specialty Chemicals
12.4.2.3. Others (Dyes, Detergents, Polymers, Pulp & Paper)
12.4.3. Food & Beverages
12.4.4. Others (Oil & Gas, Personal Care)
12.5. Market Attractiveness Analysis
12.5.1. By Country
12.5.2. By Application
12.5.3. By End Use
12.6. Prominent Trends
12.7. Drivers and Restraints: Impact Analysis
13. Asia Pacific Monochloroacetic Acid (MCAA) Market Analysis
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis By Country
13.1.2. Y-o-Y Growth Projection By Country
13.2. Market Size (US$ MN) and Volume (Tonnes) Forecast By Country
13.2.1. China
13.2.2. India
13.2.3. ASEAN
13.2.4. Japan
13.2.5. Rest of APAC
13.3. Market Size (US$ MN) and Volume (Tonnes) Forecast By Application
13.3.1. Production of Chemical Compounds
13.3.1.1. Carboxymethylcellulose
13.3.1.2. Thioglycolic Acid
13.3.1.3. Technical Grade Glycine
13.3.1.4. Others(Cyanoacetic Acid, Glycolic Acid, Betaine)
13.3.2. Drugs
13.3.2.1. USP Grade Glycine
13.3.2.2. Caffeine
13.3.2.3. Vitamins
13.3.2.4. Others (Vitamins)
13.3.3. Herbicides and Insecticides
13.3.3.1. Technical Grade (Glyphosate)
13.3.3.2. 2,4-D (2,4-dichlorophenoxyacetic acid)
13.3.3.3. 2,4,5-T (2,4,5-trichlorophenoxyacetic acid)
13.3.3.4. Others (MCPA (2-methyl-4-chlorophenoxyacetic acid, Dimethoate)
13.3.4. Others (Indigo Dyeing Agent, Amphoteric Surfactants)
13.4. Market Size (US$ MN) and Volume (Tonnes) Forecast By End Use
13.4.1. Pharmaceuticals
13.4.2. Chemicals
13.4.2.1. Agrochemicals
13.4.2.2. Specialty Chemicals
13.4.2.3. Others (Dyes, Detergents, Polymers, Pulp & Paper)
13.4.3. Food & Beverages
13.4.4. Others (Oil & Gas, Personal Care)
13.5. Market Attractiveness Analysis
13.5.1. By Country
13.5.2. By Application
13.5.3. By End Use
13.6. Prominent Trends
13.7. Drivers and Restraints: Impact Analysis
14. Middle East & Africa (MEA) Monochloroacetic Acid (MCAA) Market Analysis
14.1. Introduction
14.1.1. Basis Point Share (BPS) Analysis By Country
14.1.2. Y-o-Y Growth Projection By Country
14.2. Market Size (US$ MN) and Volume (Tonnes) Forecast By Country
14.2.1. GCC Countries
14.2.2. North Africa
14.2.3. South Africa
14.2.4. Rest of MEA
14.3. Market Size (US$ MN) and Volume (Tonnes) Forecast By Application
14.3.1. Production of Chemical Compounds
14.3.1.1. Carboxymethylcellulose
14.3.1.2. Thioglycolic Acid
14.3.1.3. Technical Grade Glycine
14.3.1.4. Others (Cyanoacetic Acid, Glycolic Acid, Betaine)
14.3.2. Drugs
14.3.2.1. USP Grade Glycine
14.3.2.2. Caffeine
14.3.2.3. Vitamins
14.3.2.4. Others (Vitamins)
14.3.3. Herbicides and Insecticides
14.3.3.1. Technical Grade (Glyphosate)
14.3.3.2. 2,4-D (2,4-dichlorophenoxyacetic acid)
14.3.3.3. 2,4,5-T (2,4,5-trichlorophenoxyacetic acid)
14.3.3.4. Others (MCPA (2-methyl-4-chlorophenoxyacetic acid, Dimethoate)
14.3.4. Others (Indigo Dyeing Agent, Amphoteric Surfactants)
14.4. Market Size (US$ MN) and Volume (Tonnes) Forecast By End Use
14.4.1. Pharmaceuticals
14.4.2. Chemicals
14.4.2.1. Agrochemicals
14.4.2.2. Specialty Chemicals
14.4.2.3. Others (Dyes, Detergents, Polymers, Pulp & Paper)
14.4.3. Food & Beverages
14.4.4. Others (Oil & Gas, Personal Care)
14.5. Market Attractiveness Analysis
14.5.1. By Country
14.5.2. By Application
14.5.3. By End Use
14.6. Prominent Trends
14.7. Drivers and Restraints: Impact Analysis
15. Competition Landscape
15.1. Competition Dashboard
15.2. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
15.2.1. AkzoNobel N.V.
15.2.1.1. Overview
15.2.1.2. Financials
15.2.1.3. Strategy
15.2.1.4. Recent Developments
15.2.2. CABB Group
15.2.2.1. Overview
15.2.2.2. Financials
15.2.2.3. Strategy
15.2.2.4. Recent Developments
15.2.3. Nufarm Limited
15.2.3.1. Overview
15.2.3.2. Financials
15.2.3.3. Strategy
15.2.3.4. Recent Developments
15.2.4. Niacet Corporation
15.2.4.1. Overview
15.2.4.2. Financials
15.2.4.3. Strategy
15.2.4.4. Recent Developments
15.2.5. Jubilant Life Sciences Limited
15.2.5.1. Overview
15.2.5.2. Financials
15.2.5.3. Strategy
15.2.5.4. Recent Developments
15.2.6. Shandong Minji Chemical Co.,Ltd.
15.2.6.1. Overview
15.2.6.2. Financials
15.2.6.3. Strategy
15.2.6.4. Recent Developments
15.2.7. Archit Organosys Limited
15.2.7.1. Overview
15.2.7.2. Financials
15.2.7.3. Strategy
15.2.7.4. Recent Developments
15.2.8. IOL Chemicals & Pharmaceuticals Limited
15.2.8.1. Overview
15.2.8.2. Financials
15.2.8.3. Strategy
15.2.8.4. Recent Developments
15.2.9. Meridian Chem Bond Pvt. Ltd.
15.2.9.1. Overview
15.2.9.2. Financials
15.2.9.3. Strategy
15.2.9.4. Recent Developments
15.2.10. S.R.Drugs and Intermediates Pvt. Ltd.
15.2.10.1. Overview
15.2.10.2. Financials
15.2.10.3. Strategy
15.2.10.4. Recent Developments
15.3. Global Monochloroacetic Acid (MCAA) Market -Case Studies
15.3.1. Nufarm Limited
15.3.2. PCC Rokita SA
16. Assumptions and Acronyms Used
17. Research Methodology
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